Vishnu Chemicals Limited has informed the Exchange regarding Notice of Postal Ballot
VISHNU · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Vishnu Chemicals Limited has sent a Postal Ballot notice to shareholders seeking approval for the re-appointment of Mr. Ch. Siddartha (DIN: 01250728) as Joint Managing Director for a further period of five years, from May 2, 2026 to May 1, 2031. His proposed minimum salary is Rs. 72 lakh per annum, plus perquisites and a commission of up to 1.25% of the previous year's net profits. E-voting will run from March 24, 2026 to April 22, 2026, with results announced within two working days after that. Mr. Siddartha is part of the promoter family and holds about 56.34 lakh equity shares in the company.
This is a routine governance item, but since Mr. Siddartha is a promoter family member (son of Mr. Ch. Krishna Murthy), shareholders are being asked to formally endorse his continuation and pay package through a special resolution. Approval is likely given the promoter's large shareholding, so the impact on the stock is expected to be neutral.